security, medicare, medicaid, now obamacare. >> paul: well, we have. >> and we have. and they think, the conventional wisdom shall the simpson-bowles type argument is, we can't afford this, that out 25 years from now, all of our taxes will be going to pay for these things. the obama democrats believe we made these commitments and we have to find a way to pay for them. they do not want to cut the spending. and so, u.s. spending, which has been about 20% of gdp since 1969, i think, they're trying to get it up to around 24 or 25% of gdp. we keep repeating this number, but in a 15 trillion dollar economy, every percent of gdp is a tremendous amount of spending. but tax revenue, the last three years, has been down around 16% of gdp. that's a tremendous gap. and they want to raise taxes to close that gap. >> but part that have reduction, no, normally, it's about 18, 18 1/2, and it's popped up under bill clinton's presidency above 20%, if you have economic growth. the 16% is because the growth-- >> their policies are going to guarantee, in my opinion, 2% growth for a long period of time. t
